O-1965-726 - Laserfiche WebLink

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d e. ~ . . I . . , ; in whole, or,in part, on January 15, 1976, or on any interest payment date ,thereafter, for the principal amount thereof plus accrued interest to the date fixed for redemption. At least thirty days before the date fixed for any such redemption, the City shall cause a written notice of such redemption to'be published at least once in a financial publica- tion published in the City of New York, New York. By the date fixed for any such redemption, due provision shall be made with the paying agent' for the payment of the principal amount of the bonds to be so redeemed', plus accrued interest thereon to the ~ dated f1xed for redemption. If the written notice of redemption is published, and if due provision for payment is made, all as provided above, the bonds, which are to be so redeemed, thereby automatically ~hall be redeemed prior to maturity, and they shal not bear interest after the date fixed for redemption, and shall not be regarded' as being outstanding except for the purpose of receiving the funds so provided for suc~ payment. Section 4. That said bonds shall bear interest from, their date, until maturity or redemption, at the rate of 4~% per annum, wi~h said interest to be evidenced by interest coupons payable on,J4ly 15, 1966, and semi-annually thereafter on each January'15 and July 15. Section 5. That the principal of and interest on said bonds shall be 'payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer" upon present~tion and surrender of proper bond or interest coupon, at Bayshore National Bank, La Porte, Texas, which place shall be the paying agent for said bonds. Section"6., That each of said bonds and interest coupons shall be signed by the imprinted or lithographed fac- simile signature of , the Mayor of said City and countersigned,